Thinkcash - Short term cash loans from First Bank of Delaware

yes what do you want to know?

this is the only online pdl that i really owe principle to. i have closed my account that i was using and have not given them any money so far. i received an email from thinkcash and they said that in the next couple of weeks, my account would be handled by first bank of delaware. i borrowed 750.00 and they have me paying back 170.00 month from now until 7/2009. is there anyway that i can only pay them the principle? i looked at their website and they mention cash advance loans but they do not make loans to residents of fl. are they licensed to do business in fl? or they illegal?

Think Cash is not a PDL, its an installment loan. I do believe it's legal, however someone will be along soon to tell us if I'm correct or not. I'm doubting you can only pay the principle as its not a PDL......Are you having a hard time making the required payments?

yes, i am going to have a hard time with the payments. do you think they will lower the interest? Does anyone know whether or not they scam consumers?

HUMMMMMMM that one is hard to tell. We are currently in a dmp and they are accepting $75 a month....Have you called a chatted with them about this problem? When I talked to them they were alwayss pretty nice. i have not heard anything about first bank of delaware scams.

Thanks. I have not heard about first bank of delaware scam either. No, I have not talked to them. Been trying to get all my ducks in a row. What is a "dmp"?

dmp = debt management Program. :)

Thanks, Shazzers. Imale, are you personally dealing with ThinkCash/First Bank of Delaware?

yes

are you still having to pay their "high" interest? did you know that if you go to "first bank of delaware" website that they do not offer loans in the state of fl? did your loan start out by you going through "thinkcash"? did you also have internet "pdl's"?

We currently have them in a debt management plan, they are getting $75 a month from us. To be honest I'm sure they are still adding interest. Yes I believe they are backed by first bank of delaware. I had one internet PDL with CashNet USA and it is also in our dmp. Are you haing them debt your checking account for the payments? If yes, you can revoke that.

i closed my account that all of my "pdl's" had access to and now i am not paying any of them.. I am posting all that I had for you to see: Amerloan - borrowed 200.00 paid 240.00 fees
Zip Cash - borrowed 300.00 paid 270.00 fees
MyCashNow - borrowed 340.00 paid back 316.55 fees & 50.00 principle
ThinkCash - borrowed 750.00 paid back 77.09 interest 8.14 principle
If anything what do you see that I owe these companies since all of them are not licensed in the state of FL?

I got payday loans from these companies and now having problems paying them back . One of my friends told me that they are a scam. If I can't pay will I be in Trouble,with law inforcement.

thinkcash is an installment loan. I start off with 250.00 and made payments of $44.00 per month then my loan was up to $500.00 with a payment of $85.00 per month. Am I being scammed?

I have paid off thinkcash twice..it is better than payday you only make small installment payments each month until you pay the balance off. Payday you have to pay it off the next time you get paid. Thinkcash lender is First Bank of Delaware and it is legal.

Yes I have had a good experience with ThinkCash also. Borrowed 2000.00 and oay back 95.00 a month (with bad credit too!) I have had a couple of loans with them and and they have always been fair. Not a paday loan though - installment

I have had several loans with ThinkCash, I live in Texas. I have always paid them in full. I received an email from FBDLoans. Which I sort of knew was First Bank of Delaware. Since we have already suffered identity theft, I was really leary of the email, they were talking of my payment coming due and such. So I sent a reply email and asked who they were and for them to verify their claim. Received an email back telling me to call their customer support, only to find it WAS ThinkCash. So how hard is it for them to answer a simple question? Apparently they find it way too hard. They CLAIM they sent an email informing customers of the change...NOT! I have all their emails. So...does anyone know what has happened to ThinkCash?

I got an e-mail stating that all loans through ThinkCash would be handled by First Bank of Delaware. I think they were connected all along, but not sure why the change now.

Yes, they are legal loan sharks!!

ThinkCash was always backed by 1st Bank Of Delaware. Now they also manage the loans that were given through ThinkCash. But be careful, they seem to be also somehow connected to PayDayOne because when I called them to arrange my payment for my ThinkCash loan, they actually asked me, if I am making payment to ThinkCash or PayDayOne (I had a loan with them too). So a little advice - anyone who closed their accounts when dealing with PDLs should be very careful to give their account info to 1st Bank Of Delaware because it seems, they may actually share this info with the payday industry. BTW, I believe ThinkCash also accepts payment via credit card now (I know they accept debit cards for sure). Check into it and if it is indeed so, if possible I'd pay the whole balance with a credit card as it will still save you money compared to the interest ThinkCash charges.

I JUST PAID OF A LOAN 2240715

I am dealing with this company now. My loan was obtained through Think Cash but all their loans are serviced by First Bank of Delaware. I borrowed $750 and I pay $86.87 every two weeks. I will finish my scheduled payments in June.

I have written to them twice asking them to lower the interest and both times they responded saying they will not lower the rate or change the terms in any way. The best way to handle this company is to buy the loan down by making additional payments. In my opinion this company is licensed to rob people and I have told them that. They are legal and licensed to lend all over the country.

I would like to renew my loan

I was getting a five hundred dollar loan from First Bank Of Delaware, but I cant find my code and I was almost finished with my application can you help me ?

Yes just call them..

First Bank of Delaware Customer Support
[email]support@FBDLoans.com[/email]
866-420-7157
866-420-7159 FAX
8:00 AM - 10:00 PM ET, Monday - Friday
9:00 AM - 5:00 PM ET, Saturday

did i recieve your approved decision

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Think about it. They state that they will charge you $.92 PER DAY per $100 borrowed. On average for a 30 day period, that's $4.60 per day for a $500 loan, which comes out to $138 PER MONTH (give or take). If your payments are like $180 per month, then only $42 goes towards the pay-off, not including any fees,etc. If you miss a payment (another $138 + late fee, etc on the balance of the loan) then it really mounts up. A no win situation. Please make a habit of reading the fine print and have a calculator available. And yes, it is a rip off. Don't mean to sound cold hearted. Desperation is a bitch. I'm living it.

this is the second loan i have got from fbdloan and they are the best i know the interest rate is high but u got to do what u have to do when u are desperate to get some money i am a happy camper

Oh boy.

Oh BOy what?? Haven't you ever been desperate

I need help also

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I have this too. I have paid so much more than I borrowed. Is there something I can do

I received a $600.00 loan from Think Cash. As long as you pay more than the amount due there is no problem with the interest. The Think Cash website even advises you to pay more than the minimum due to avoid interest charges. That is fair. They lend to people with bad credit like me and they must charge a higher interest rate to make a profit and recover all of the bad debt that they incur. A good loan for the short term.

They (fbd) are the worst loan sharks I have ever encountered...I would do anything not to get a loan like this from anyone like them ever....They have no mercy...would not work with me even though they made 400% and i had paid them in full except for approx $50 in interest which was because one time they tried to access their payment and it was sent back insufficient funds...they then let that acrue from then on and even though they earned amont $600 on the loan they would not negotiate this one time problem. Hearltess thugs....Deal with them at your own risk... I would see my car before dealing with anyone like them ever again.

what a bunch of short sighted dummies

My experience is that a loan such as Think Cash/First Bank of Delaware is NOT a good option unless you can pay the full amount back in no more than a week or so. The best terms get you an interest rate of abut $5.00 each day for a $500.00 loan. So, you'll pay around $15.00 total interest for a loan paid in full within three days, or the same loan will cost you $35.00 above principal for a week.

I've used the loan service twice but for a specific purpose where the cash was needed for a few days and could be repaid in total without using any sort of extended payment plan.

Frankly, I see no way for the average borrower of this sort of loan to repay it with the exorbitant interest rates, if the loan runs for any period of time. Get out from under this as fast as you can even if you eat peanut butter sandwiches, or let some other bill slide for six weeks while you do it. Immediat payback is the only way to use this kind of loan service and not get buried alive. If yo can use it in this way, then it can be useful and helpful with minimal interest paid.

ThinkCash/FBD loans contain "Rule of 78" interest. Thus, if you plan to prepay the loan, you wind up paying what amounts to a prepayment penalty, because interest is pushed to the front end of the loan. The interest is divided into 78 parts, and you pay, for example (on a 1-year loan), 12/78 of the total interest the first month, 11/78 the second, et al, until you pay only 1/78 interest with your final scheduled payment. But, there is no interest refund if you pay the loan off early. However, if you pay the entire life of the loan, there will be no difference between the Rule of 78 and standard simple-interest. Nonetheless, 17 states outlaw them.So, you should NEVER prepay a ThinkCash loan, unless you knowingly decide to absorb the 'prepayment penalty'.

I got a loan also one of my co workers through this company and yes they give you a loan but soon after you start getting calls from some other crooks saying they gave you a loan and they are going to put a lean on your social security number. Its a big scam that is done by hackers from india i think:cry: